Baylor University

Analysis

Baylor University is a registered charity in United States, based in Waco, TX. It received its IRS tax-exemption ruling in February 1991, 35 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2023, Baylor University reported income of $1.45bn and spending of $1.29bn, spending 89% of its income. Across the 5 years on record, from May 2019 to May 2023, income grew from $1.09bn to $1.45bn (+33%), an average of +7.5% a year. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Baylor University sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within TX. Charities of a similar size with the same main cause include Drexel University ($1.41bn), The Medical College of Wisconsin Inc ($1.49bn) and Research Foundation for the State University of New York ($1.40bn).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 12% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $14.0m (1.1% of expenses). Other salaries and wages came to $373.1m. It paid $170k in professional fundraising fees. At year end it held assets of $4.00bn against liabilities of $1.00bn, net assets of $3.00bn. It reported 10,652 employees.